The following table shows the balance of payments statement of Transylvania for 2013.All the figures are in billions of dollars. Refer to the above data.In 2013, Transylvania was a net recipient of transfers from the rest of the world.

Question

The following table shows the balance of payments statement of Transylvania for 2013.All the figures are in billions of dollars.  Refer to the above data.In 2013, Transylvania was a net recipient of transfers from the rest of the world.

Quizplus · Accepted Answer

Transylvania had a positive transfer balance of 5 billion dollars, indicating that it received more transfers from the rest of the world than it sent out. Therefore, it was a net recipient of transfers.

The Following Table Shows the Balance of Payments Statement of Transylvania